🏦 Not a single listed bank has crossed 1% net NPA in Q1 FY27

📉 Gross NPAs down 11.76% YoY

💰 Net NPAs down 9.51% to ₹84,293 crore

📊 Bad debt provisions down 41.61% to ₹25,448 crore

📈 Banking industry net profit up 19.01% to nearly ₹1.10 lakh crore

The Dutch central bank has moved about 86 metric tons of gold from New York and Ottawa to London, citing rising geopolitical risks and the need to strengthen "crisis preparedness."

DNB said gold stored with the Bank of England is more readily tradable, allowing it to be deployed more quickly in a severe crisis.

The move comes as gold prices surge and follows France's decision to replace 129 metric tons of gold held in New York with bullion bought in Europe.

Crypto to Giftcard might get Blocked soon ❗️❗️

A revised UPI Merchant Discount Rate (MDR) framework will take effect on select merchant (P2M) transactions starting October 15, 2026, while keeping UPI completely free of cost for consumers and all transactions up to ₹2,000. Under the new rules, small merchants earning up to ₹1 lakh per month via QR codes will pay zero MDR, a flat ₹5 fee will apply to transactions above ₹2,000 in specific categories like railways and fuel, and other high-value P2M transactions will attract a 0.4% charge capped at ₹300. The initiative also introduces a dedicated fund to upgrade digital payment infrastructure for small vendors and Tier 3 markets.

No impact on small-value UPI transactions up to ₹2,000 for all merchants, which account for more than 95% of all UPI P2M transactions.

🔘For person-to-person (P2P) transactions, there will be no charges, regardless of transaction value. P2P transactions constitute 37% of the total UPI transactions in volume terms and 70% in value terms

🔘Charges will apply only to person-to-merchant (P2M) transactions exceeding ₹2,000

⏹ Technical Framework

🔷A nominal MDR of 0.4% will be levied on P2M transactions above ₹2,000. This commission will be shared amongst the payment ecosystem partners, including banks and app providers

🔷For high-value transactions of ₹75,000 and above, MDR will be capped at ₹300 per transaction

Another important point, MDR amount for transactions above 2000 in Railways and Fuel categories have been capped at Rupees 5 only!!

The Saudi Central Bank, or SAMA, confirmed to the FT that it was no longer participating in the project after completing its proof-of-concept .Riyadh said the withdrawal was part of its original plan and did not imply that the decision was linked to US pressure.

🔘 GST arrest powers to be removed; prosecution threshold raised from ₹1 Cr to ₹5 Cr.

🔘Minimum Punishment removed. Court to decide on scope of punishment!!

🔘General penalty Reduced: From ₹25,000 to ₹10,000.

🔘90% eligible refunds to be processed automatically within 3 working days.

🔘 Refund acknowledgement: 15 days → 10 days.

🔘 65% routine GST amendments to be auto-approved.

🔘ITC proposed on employee health/life insurance, telecom towers & pipelines.

🔘 Inverted duty refunds extended to input services from Nov 1, 2026.

🔘E-commerce access made easier for small sellers.

🔘Goods vehicles to be stopped only on specific intelligence with prior authorisation.

🔘No GST rate changes; rate reviews once a year.

The move takes forward the government's long - pending plan to transfer management control of the lender and will become the country's biggest strategic disinvestment since the sale of Air India once completed. 

The Tata Motors-Iveco deal brings together two commercial vehicle makers with a combined annual sales volume of more than 540,000 vehicles and revenue of over $25 billion.

Mudrex & Saber money Raided by ED Bengaluru

This historic shift taps into permanent, long-duration Indian capital, reducing structural dependence on foreign VCs. 💰🛡️

It provides critical domestic funding for sensitive deep-tech and dual-use sectors like defense, aerospace, and AI, where foreign funds often hit geopolitical limits. 🔬

By extending EPFO's steady public market ballast into unlisted markets, it builds a resilient, self-sustaining Indian tech ecosystem. 🏗️